US Treasury Secretary Scott Payette said that the Trump administration will be ready to extend the foreign currency credit line to Argentina if it threatens an unexpected external event with the economic progress of the country.
Bessent’s comment at a special meeting in Washington indicates that the United States can benefit from the exchange installation box to support Argentina in the case of a No shock.
Pesin, who recently visited Buenos Aires, told the gathering that if “Argentina remains in the session”, the US Treasury will be ready to use the stock exchange firm to adjust it.
According to the copy subscriber With Reuters by one of the attendees, Bessent said this step will act as a successor for Argentina’s reforms and help guarding the fluctuations that may hinder progress.
He added: “If something happens without a mistake to They, then I think we are in the Treasury, we will be ready to intervene and help soften things more.”
During the era of the liberation President Javier Millie, Argentina imposed strict discounts in spending and following up Zero – how goal.
On the same occasion, discuss Scott Bessent “The escalation” of the trade war between the United States of China.
Argentina’s reserves remain thin despite the lifestyle of $ 20 billion
In December 2024, Millie got a $ 20 billion loan arrangement with the International Monetary Fund to curb inflation, which has exceeded 100 percent. These steps helped to install the bizo and increase the wonderful prices, and got praise from many economists and investors.
Foreign currency reserves in Argentina Low, though Supported by the new International Monetary Fund Money, and Its local industries need a new capital.
Attracting the investment will be essential to maintaining growth as a better table for grains with large sediments of shale gas and lithium.
Bess’s compare Milei Policies with the approach of former President Mauricio Macri, who 2018 International Monetary Fund Reforms stumbled after giving up the main policies.
“Macri’s government had an incredible opportunity, and I was a great fan of MAURICIO, but he retracted,” Pesin said. As soon as it retreated, the market came and got it. My feeling is that Millie will not go Way. “
The close ideological compatibility with Donald Trump has helped to strengthen relations between Washington and Bueens Aires, even with Argentina’s appearance to get out of the recession and build a more stable financial future.
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